Jotun, the a leading producer of marine paints, has delivered strong results in the first quarter of 2019.

The privately owned company has said it also expects better results in the coming quarters than it achieved last year.

The improved outlook comes after the Sandefjord-based outfit was hit by the collapse of the newbuilding market, which led chief executive Morten Fon to say that he was not satisfied with the results last year.